Indonesia to Build Oil Refineries with Total Capacity of 1 Million bpd, Minister Says

Tempo
03-11

TEMPO.CO, JakartaIndonesia will build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day, upgrading from a planned single refinery with a 500,000 bpd capacity, the energy minister said.

Last week, the government said it wanted to accelerate 21 natural resource processing projects worth $40 billion, including several coal gasification projects, building oil storage, and expanding its oil refining capacity.

Minister Bahlil Lahadalia said late on Monday, after a meeting with President Prabowo Subianto, that the planned capacity for the new refineries would be doubled to 1 million bpd. He said Indonesia currently imports around 1 million bpd of crude oil and fuel to meet domestic demand.

Indonesia also plans to build additional oil storage with a capacity of 1 million barrels to ensure energy security, Bahlil said.

Indonesia has, in recent years, moved to increase the processing of its natural resources onshore.

REUTERS

Editor’s Choice: Indonesia to Offer Energy Projects Worth $40 Billion in 2025, Minister Says

Click here to get the latest news updates from Tempo on Google News

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10